Personal & Lifestyle
Education Loan
Funds for higher studies in India or abroad including tuition, living and travel.
- Interest rate
- 8.15% – 15% p.a.
- Loan amount
- Up to ₹1.5 crore (abroad), ₹50L (India)
- Tenure
- Up to 15 years incl. moratorium
- Processing fee
- Nil – 1%
Indicative figures only. The final amount, interest rate and tenure are subject to lender eligibility, property valuation, cash flow and credit policy. Approval is decided by the lender.
Eligibility
- Admission letter from recognised institute
- Co-applicant: parent/guardian
- Collateral for >₹7.5L typically
Documents required
- Admission letter, fee schedule
- KYC of student & co-applicant
- Co-applicant income proof
- Collateral docs if applicable
Best for: Long moratorium (course + 6–12 months), tax benefit on interest.
Tax benefit: Section 80E — interest fully deductible for 8 years.
Insider tip: Apply under Vidya Lakshmi portal — compare across 13+ public sector banks in one form.
Why apply through Moneymax Fingrow
- Founders with 19+ years of banking and NBFC experience; ₹1,048 Cr+ disbursed since 2017.
- 48+ banks & NBFCs compared in a single application.
- Doorstep document pick-up across Chennai, Bengaluru, Hyderabad and Mumbai.
- Transparent fees, lowest negotiated rates, end-to-end handholding till disbursal.
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